Petrol price: Rs 100 may be new normal in high-VAT states
Many state governments like that of Rajasthan, West Bengal, Assam and Meghalaya have reduced VAT
Petrol Prices today: In Mumbai, a litre of petrol and diesel costs Rs 107.83 and Rs 97.45
In a recent development concerning petrol prices, Goldman Sachs, Bank of America and Morgan Stanley have predicted oil may hit $70/barrel in the next few months.
The development implies that Rs 100 a litre of petrol may soon be an unusual standard for many high VAT cities in the country, according to a report in The Times Of India
Many state governments like that of Rajasthan, West Bengal, Assam and Meghalaya have reduced VAT owing to the increasing petrol prices.
Currently, fuel prices have reached Rs 100 mark in some cities of Rajasthan and Madhya Pradesh.
Published: February 25, 2021, 13:35 IST